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Jun 20, 2017 12:12 PM IST | Source: Reuters

Barclays, former bosses, charged over 2008 Qatar fundraising

In a highly-anticipated announcement, the Serious Fraud Office (SFO) said on Tuesday it was charging the bank with conspiracy to commit fraud by false representation and unlawful financial assistance.

Barclays and four former senior executives have been criminally charged in a high-profile UK investigation into undisclosed payments to Qatari investors during a 12 billion pound ($15.4 billion) emergency fund raising in 2008.

In a highly-anticipated announcement, the Serious Fraud Office (SFO) said on Tuesday it was charging the bank with conspiracy to commit fraud by false representation and unlawful financial assistance.

It also charged Barclays's former senior executives John Varley, Roger Jenkins, Thomas Kalaris and Richard Boath. The fundraising in 2008 included a $3 billion loan facility made to the wealthy Gulf state in November 2008, the SFO said.
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